Tag Archives: maserati

Penske Automotive Adds Ferrari Dealership in Modena!

Posted on 3 July 2025 by Ken Zino

Penske Automotive Group (NYSE: PAG)* said today that it has completed the acquisition of the Ferrari dealership in Modena, Italy. Located in Emilia Romagna, the heart of the so-called Italian Motor Valley that is home to Ferrari, Lamborghini, Maserati, Pagani, Ducati and Dallara, this Ferrari dealership expands the PAG’s existing luxury presence in Italy to 29 automotive retail locations. PAG now represents nine Ferrari locations worldwide, including Maranello Classic Parts, the only official Ferrari classic parts distributor in the world. The forecast estimated annualized revenue of the Modena location is $40 million. Continue reading →

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Stellantis Tanks in First Half of 2024 – Net Profit -48%

Posted on 25 July 2024 by Ken Zino

“The Company’s performance in the first half of 2024 fell short of our expectations, reflecting both a challenging industry context as well as our own operational issues,” said Carlos Tavares, CEO. “We have significant work to do, especially in North America, to maximize our long-term potential.” Seven or more senior executives have left Stellantis so far this year. Continue reading →

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Stellantis Implements First Employee Share Purchase Plan

Posted on 21 December 2023 by Ken Zino

“The success of this step of Shares to Win in Italy and France demonstrates our employees’ confidence in the sustainable future of our Company supported by the execution of our Dare Forward 2030 strategic plan, which maps out the path to achieving carbon net zero by 2038 and creating value for all our stakeholders,” claimed Xavier Chéreau, Chief HR & Transformation Officer. Continue reading →

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Stellantis Opens Its First Battery Technology Center in Italy

Posted on 8 September 2023 by Ken Zino

“We are in the midst of a once-in-a-lifetime opportunity to redefine mobility, providing smart and sustainable solutions for our customers,” claimed Ned Curic, Stellantis Chief Engineering and Technology Officer. “Our new Battery Technology Center at Mirafiori brings together the tools and talented people we need to design, test, verify and produce class-leading products that will meet our customers’ needs and accelerate bringing class-leading electric vehicles to customers around the world.” Continue reading →

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Stellantis and Its European Dealers Sign New Contracts

Posted on 31 August 2023 by Ken Zino

Stellantis (NYSE: STLA) said today in Amsterdam that it had completed the signing of new contracts with its European Dealer Network. With these new sweeping agreements it aspires to be first in customer satisfaction in all markets, products and services. … Continue reading →

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Stellantis Posts Record Revenue and Profits for 2023 Half 1

Posted on 26 July 2023 by Ken Zino

Stellantis (NYSE: STLA) today posted strong growth while setting new records in net revenues, operating income and net profit for the first half of 2023 while continuing its transformation to electrified and software-defined vehicles for its 14 brands. Stellantis currently has 25 BEVs available today and another 23 launching through 2024. Continue reading →

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Fiat Recalls Maserati, Alfa Romeo Cars for Suspension Failures

Posted on 20 May 2013 by Ken Zino

The lack of a zinc coating on rear suspension parts is prompting the recall of 2005 to 2008 Maserati Quattroporte, 2008 Granturismo and 2008 Alfa Romeo 8C cars. More than 7,400 Italian built vehicles are involved because the rear tie rods can corrode and ultimately fail, resulting in the loss of vehicle control, thereby increasing the risk of a crash. Continue reading →

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Chrysler Execs to Move into Detroit for the First Time

Posted on 30 April 2012 by Ken Zino

Chrysler is leasing nearly 33,000 square feet of space and, after the space is refurbished, about 70 people will move in. It’s largely a symbolic gesture now, but it’s important for the city of Detroit and the comeback car company that many had left for dead. Continue reading →

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